Student Housing Market Gains Strength

According to new data from Axiometrics, the student housing market saw strong performance in March with high leasing velocity and annualized effective rent growth exceeding 2%. In fact they say:

“As leasing velocity continues to improve, so does rent growth. Effective rent levels averaged $617 per bed for Fall 2016 as of March, up 2.4% from Fall 2015 averages. After annual effective rent growth averaging around 2% for most of the 2015-16 leasing season, the increased growth is a positive sign for the sector.”

Regarding inventory, they predict that a moderating supply this Fall will help drive a strong performance.

Click here to read the full report on Axiometrics.